Takata U.S. unit mulling bankruptcy but no filing expected soon: source
Tweet
Share
E-mail
The logo of Takata Corp is seen on its display through a vehicle at a showroom for vehicles in Tokyo, Japan, May 11, 2016. REUTERS/Toru Hanai/File Photo
Get Alerts LAZ Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.2%
Revenue Growth %: -6.4%
Join SI Premium – FREE
WASHINGTON (Reuters) - Japanese auto parts maker Takata Corp <7312.T> has been considering a possible bankruptcy filing for its U.S. unit but no filing is expected soon, a source briefed on the matter said.
Takata, at the center of the biggest global automotive recall in history for its potentially deadly air bag inflators, has retained investment bank Lazard Ltd (NYSE: LAZ) as an adviser to choose a sponsor for its turnaround.
(Reporting by David Shepardson; Editing by Stephen Coates)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UBS Reiterates Neutral Rating on Lazard (LAZ)
- Haitian children jailed for years without facing judge, UN official says
- Flash floods kill 20 in Afghanistan, 100 missing, authorities say
Create E-mail Alert Related Categories
ReutersRelated Entities
Lazard, BankruptcySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
